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Posts under ‘Pollution’

Leaked BP CEO Internal Memo

It’s completed about $43 billion of asset sales since the 2010 oil spill in the Gulf of Mexico. The offshore disaster has cost London-based BP more than $28 billion in clean-up costs and damages, and the company is still fighting legal battles on multiple fronts. BLOOMBERG NEWS ARTICLE BP Chief Says Company Must Slim Down […]

WILL BP BE ABLE TO SURVIVE?

By: MICHEAL KAUFMAN Published: Dec 11, 2014 at 4:50 pm EST The operating cashflow for BP plc (ADR) (NYSE:BP) is expected to grow 5.3% between 2014 and 2017. BP is slightly above Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) growth rate of 4.1%.There have been several factors that have contributed to low expected growth for the […]

Why The US Supreme Court Rejected BP Appeal

By: MICHEAL KAUFMAN Published: Dec 9, 2014 at 4:11 pm EST BP plc (ADR) (NYSE:BP) was involved in America’s largest oil spill in the Gulf of Mexico in 2010, resulting in the death of 11 rig workers along with long-lasting damage to the wildlife and its habitat, and local businesses; a total of 4.9 million […]

Donovan Verdict on Shell/Noble Arctic Crimes

By John Donovan People who are as familiar with Shell as I am, will know that Noble Drilling has stepped forward on commercial grounds to take the blame for the reckless screw-up that was actually directed by Shell, partly to evade tax. This was why Lawrence of Alaska (David Lawrence, the Shell VP supposedly responsible […]

Greenpeace Verdict On Shell/Noble Arctic Crimes

Greenpeace Arctic campaigner, Ian Duff, has issued the following statement: “Shell has proven time and again it can’t be trusted to manage its contractors safely. That Shell engaged Noble Drilling, a company now guilty of eight felonies, is the clearest indicator yet. Letting Shell back into such a precious and risky environment as the Arctic […]

Oil from old Shell tanks polluting environment

Some of the tanks at Shell’s Fredericia location are nearly a century old (Photo: Wikipedia) From the Copenhagen Post, an article by Ray Weaver: 8 Dec 2014 Decade-old oil spills from tanks at the Shell Oil facility in Fredericia are still polluting the environment. According to a report on the DR current affairs TV program […]

Shell Rethinks $90M Toxic Contamination Settlement Over Secrecy Issues

Just days ago, we re-published an article from The Daily Breeze about Shell’s $90 million settlement with nearly 1500 residents of Carson, California, arising from a contamination class action lawsuit stemming from a former Shell oil tank farm. A housing development was built over the remains of the buried tank farm in the 1960s. Widespread […]

How Church’s Leaning Toward Renewable Energy Will Affect BP and Shell

By: MICHEAL KAUFMAN Published: Dec 5, 2014 at 10:29 am EST Companies engaged in the oil businesses are increasingly in the limelight and under pressure to adopt techniques that will assure minimum carbon emissions into the environment. In a recent development, the Church of England (COE) has urged BP plc. (ADR) (NYSE:BP) and Royal Dutch […]

Church of England investors file shareholder resolutions at BP and Shell

The Church Commissioners and Church of England Pensions Board have announced this week that they are in the process of co-filing shareholder resolutions on climate change at the AGMs of two of world’s biggest oil and gas companies – BP and Shell. Church investors file shareholder resolutions at BP and Shell By Edward Mason, Church […]

Shell settles Californian environmental contamination lawsuit for $91 million

Shell’s settlement with 1,491 residents will be a total of $90 million From The Daily Breeze City officials have announced final settlement agreements involving Shell Oil Co., the city, and hundreds of current and former residents of the Carousel neighborhood in the city’s southern end over a contamination lawsuit stemming from a former oil tank […]

Worst Shell oil spill into Niger Delta for years

COMMENT RECEIVED ON THIS REUTERS ARTICLE FROM A REGULAR CONTRIBUTOR: Shell says the leak was the result of attempted theft…and the leak occurred seven or eight miles from the shore? I guess the oil thieves are now using submarines….. Reuters report December 03, 2014 Thousands of Barrels of Shell Oil Spill Into Niger Delta BONNY […]